Lakers top luxury tax list at nearly $30 million

Summary of 2 articles · Updated Jul 10, 2013

The Lakers will be forced to pay more than $29 million in luxury tax for a team that thanks to a steady stream of injuries and L.A.'s well-chronicled chemistry problems barely squeaked into the playoffs and will go down as one of the biggest underachiever… (more)s in league history. Fifty percent of the total tax of $70.57 million paid by the six teams will be used to fund revenue sharing for the 2012-13 season, according to the 2011 labor agreement. And the heftiest, not surprisingly, belongs to the Los Angeles Lakers. Luxury-tax penalties in the NBA will be much steeper starting with the coming season, which ushers in a more punitive scale for roster excess than seen during the first two seasons of the NBA's labor agreement that was introduced in December 2011.

Los Angeles Lakers hit with luxury tax of over $29 million

Six NBA teams have been billed for luxury-tax payments they owe for last season's payrolls, according to official league figures obtained by ESPN.com on Tuesday night. And the heftiest, not surprisingly, belongs to the Lakers.